Difference Between Active and Passive Mortgage Realtor Marketing
Business → Marketing & Advertising
- Author Maggie Rottswald
- Published July 17, 2010
- Word count 584
"These days, especially in the real estate industry, brokers make use of different strategies to succeed. When competition is high, there is all the more a need for one to use the best proven techniques while vying for sales. Although the market itself may experience some instability, it will continue to exist and everything will be in the hands of those who play a vital role in it. Brokers are, of course, a significant portion of this whole dynamo that makes the industry survive. To have an edge over others, they need to think of effective ways. And getting ahead means using the marketing techniques that can make all the difference.
Brokers can only be either active or passive when it comes to mortgage marketing. These two things are different from each other. One may choose to use one of them or both of them. There is of course a great difference between what these types can do individually and as one. Promoting one's services by means of a generalized scheme is called passive marketing. This kind of technique does not include direct pursuance of potential clients. An advertisement in newspapers or wesites are a few examples. Active, unlike passive which is more of an indirect approach, invovles wise prospecting through online or offline. Active marketing can mean using call capture systems and specially designed software and email marketing, among other realtor tools. This kind of marketing tends to be more beneficial on its own because a realtor's efforts are targeted and, thus, have greater chances of success than any passive approach. When the campaign is launched online, active marketing can mean search engine optimization whose aim is to bring targeted traffic to the realtor's website.The advantage of active marketing is that you are able to reach out to an extensive audience at a lesser cost compared to the other one.
There are tons of real estate marketing techniques that you can implement for your business. You have to do your part to get people directed to you. It doesn't matter how great the properties are that you have available. It also doesn't matter how good the price is if you don't get people to recognize what you are offering.
Active or direct marketing can stand on its own but it is more effective if its combined with passive technique. This can be the final approach or final push for people to respond positively to the effects of passive technique. Consistent visibility in the market creates for the advertiser a subconscious level of awareness of the realtor's credibility among potential clients. When direct marketing techniques are employed, there is a greater chance of potential buyers to actively seek out this realtor.
Keep in mind that your real estate marketing efforts should be in concert with the types of deals you're looking to do. For instance, if you want to flip properties, your marketing system might target motivated sellers facing foreclosure. On another note, if you're looking to build a rental portfolio, then you might consider building a real estate marketing plan to target landlords filing evictions
Passive marketing can be expensive which is why majority of the real estaet brokers have developed other ways in pursuing customers. Even though the one-time reach of a newspaper ad can cover more than what a simple targeted email campaign can, figures will demonstrate that an email campaign that thrives on smart prospecting is still the best way to get the best out of mortgage realtor marketing. "
If you're trying to build your credibility in the real estate market, it is best to study all your options. Realtor marketing is not a game that anyone can play without a viable lead generator or without employing call capture systems.
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